Turkey’s president has built a track record of squeezing and periodically blocking foreign social media firms. But his response to an attempted military coup shows Mr. Erdogan and his AKP party have become adept at using them, too.

The AKP’s surprise victory last weekend added momentum to a lira relief rally that had begun in the run-up to the election, with some investors punting a strong government will kick-start reforms stalled since Turkey’s last election in June...

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